earnings
confidence high
sentiment positive
materiality 0.80
IonQ Q2 revenue $11.4M, beats guidance; FY revenue guidance raised to $38-42M
IonQ, Inc.
2024-Q2 EPS reported
-$0.37
revenue$18,963,000
- Revenue $11.4M, above guidance $7.6-9.2M, up 106% YoY from $5.5M.
- Bookings $9.0M including system design win with ARLIS and AWS contract extension.
- Net loss $37.6M; Adjusted EBITDA loss $23.7M; cash and investments $402.0M.
- Technical milestones: 99.9% two-qubit gate fidelity and discovery of partial error correction.
- Full year revenue guidance raised to $38-42M from prior range.